Published by Uma Rajagopal
Posted on November 4, 2024
1 min readLast updated: January 29, 2026
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(Reuters) – Italy’s Prysmian and Britain’s TechnipFMC signed an agreement to strengthen the development of floating offshore
(Reuters) – Italy’s Prysmian and Britain’s TechnipFMC signed an agreement to strengthen the development of floating offshore wind facilities, the companies said on Monday.
The aim of the tie-up is to pioneer a subsea water column solution “from seabed to ocean surface”, combining TechnipFMS’s design and integration capacities with Prysmian’s submarine power cable systems, the groups said in a joint statement.
The collaboration strengthens both companies’ position in this emerging market by providing an integrated solution that accelerates time to first power and reduces cost,” TechnipFMC’s Chair and CEO Doug Pferdehirt said in the statement, which did not provide financial details of the deal.
(Reporting by Michela Stasio, editing by Giulia Segreti)
A partnership is a business arrangement where two or more individuals or entities collaborate to achieve shared goals, pooling resources and expertise while sharing profits and liabilities.
Renewable energy refers to energy derived from natural resources that are replenished at a faster rate than they are consumed, such as solar, wind, hydro, and geothermal energy.
Sustainability is the practice of meeting current needs without compromising the ability of future generations to meet their own needs, often focusing on environmental, social, and economic factors.
Offshore wind energy is generated by wind turbines located in bodies of water, typically oceans or large lakes, harnessing wind power to produce electricity while minimizing land use.
A subsea water column solution involves the design and implementation of underwater structures that support energy generation systems, such as those used in offshore wind facilities.
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